CallumPerry wrote: ↑Mon Jul 20, 2020 10:19 pm
Sorry for a crap conclusion on my end
Nowt wrong with the conclusion Callum, the responses of all have been interesting and (some) amusing … my conclusion is that there is no monitoring of what is possibly the simplest and most basic measurement available. If my average stake is £X and I make a profit of £Y then if my average stake rises to £2X (maybe because I was feeling confident and happy with my past profits) but my profit only increased to £1.50Y I would want to investigate why it isn't £2Y. It's a statistic I intend to monitor going forward.
spreadbetting wrote: ↑Mon Jul 20, 2020 10:53 pm
Considering you say you're only just starting manual trading I think you might need to relax your targets somewhat.
SB, I am not looking at/for a target, just an indicator of what good traders achieve (I'm assuming most here who respond to such issues are good traders
). When George Graham managed the "1-0 to the Arsenal" team I suspect he wanted to know what the average goals the other teams were scoring but he didn't set that as a target for Arsenal to score. A "nice to know" doth not a target make!
ruthlessimon wrote: ↑Mon Jul 20, 2020 10:40 pm
If you're >£0 after 250 markets, pat yourself on the back, you're in the top 0.05%. Outrageously high achievement imho, who cares what the stake/RoS is
I would care Ruthless for the reasons I gave Callum above.
ShaunWhite wrote: ↑Tue Jul 21, 2020 12:16 am
I'll try and answer your question from gut feel. If I was putting £100 down I'd be pretty happy with £2 a race, £50 a day or £1500 a month. Min wage. I don't do it myself so it's just a feeling. I think that would be the general magnitude anyway.
Like you say though min stakes has its own problems because you can't trade in a natural fluid way, ie adding and reducing, putting in small speculative offers a few ticks away, taking some profit or loss and keeping the rest in for a while etc etc.
This is why I don't think there even is an average stake, because your position varies..... But I agree it would be good to know if people's presets were 10, 20, 50, 100 or 100, 200, 500, 1000
I sense a whiff of understanding … thank you Shaun.
But I must correct you (and you know this) … there is always an average of anything!